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Mortgage Broker News | 16 Apr 2015, 07:07 AM Agree 0
Real estate brokerage Royal Le Page says that the Canadian housing market has hit the predicted soft landing with price increases now slower-than-normal.
  • Alex Vassallo | 16 Apr 2015, 09:15 AM Agree 0
    The Toronto market is way over priced. Prices over the past few years have gone up considerably higher than the rate of household incomes. Personal debt is higher than ever and much uncertainty in the overall economic outlook. People are paying ridiculous prices for homes in Toronto that would be tear downs in neighbouring cities. There is a false sense of security that prices will always continue to go up. Lenders are becoming cautious and appraisals are not coming in on price. I do wish Soper is right but I fear not. Tulips anyone?
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